Eco Wave Power Global AB (NASDAQ: WAVE), a frontrunner in onshore wave energy innovation, has announced the inauguration of Israel’s first pilot station harnessing sea waves to generate electricity. This historic event will take place on December 5, 2024, at Warehouse 2 in Jaffa Port, marking a transformative moment in the nation’s renewable energy landscape. Collaborating with EDF Renewables IL, the Tel Aviv-Yafo Municipality, and Atarim, Eco Wave Power has crafted a global milestone that not only underscores the viability of wave energy but also Tel Aviv-Yafo’s stature as a hub for technological and environmental innovation.

Key Business Models for Electrolyzer Firms in Green Hydrogen Projects Electrolyzer firms play a crucial role in the emerging green hydrogen industry by providing the technology necessary to produce hydrogen from renewable energy sources. As the demand for green hydrogen grows, these firms need to adopt robust business models that can sustain long-term growth and profitability while contributing to the decarbonization of various industries. One viable business model for electrolyzer firms is to develop and license their proprietary technologies to other companies.